Cattle futures closed sharply lower today on falling demand while the wheat markets continued to give back recent gains as well. Corn was slightly higher while the soybean complex remains the darling of bullish traders. There is little fresh news to impact the markets but tomorrow will bring some new reports for the market to digest. Outside markets are mixed with the S&P 500 and Dow up roughly 1 percent each and the CBOE VIX index down 3 points to 17.4. The dollar is essentially flat after modest gains this morning while COMEX gold is up $7/ounce. The energy complex is mostly higher with WTI crude unchanged and Brent up $0.22/barrel with modest gains in ethanol and natural gas futures. Corn March corn finished a quarter-...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.